But, one thing I know from experience is that in crises there is often no way to know what’s the right thing to do. Sometimes you have to feel whether a considered option is too risky or if it’s simply necessary regardless of whatever risk is associated with it. At times like that you feel like you’re taking a step into thin air with the total confidence of faith that everything will be alright.

Ever seen the Indian Jones movie where Jones has to cross a chasm and he just stupidly takes a big step and he’s shocked to realize his foot has landed on something, something he can’t quite see.

Yeah, like that.

To maintain your inner balance it can sometimes help to intellectually put yourself in panic mode or whatever and then realize that panicking doesn’t really solve anything. It isn’t the same as panicking, but it can help one to get past the shock of that step and back on track to doing something. Sometimes doing anything is useful.

Wishful Thinking is good. I wish for a World Without Tears.

I agree with you.

Haven’t heard from da Raven in quite a while.

Looks like some elements in Irak are showing al-Maliki that he ain’t in charge of shit.

this is such unadulterated horseshit. all the tiptoeing around the financial crisis and the fact that many big institutions are insolvent are scare tactics to prevent anyone from asking too many questions and broadcasting how the banksters are using our taxes to maintain their multimillion dollar failure compensation. Obama’s Treasury and financial advisers are a bunch of skanks in keeping with the best of anything the bush/cheney regime ripped us off for to prop up the plutocracy.

hope like hell i’m wrong.

in return here’s a linky for you: steve keen

I spent over 25 years as a professional forecaster of the U.S. economy. I did it by looking at fundamentals. The U.S. economy is consumer driven. With no gain in real wages for workers still employed, and large declines in employment, how do you turn the consumer around? In prior post-WWII cases, consumers who still had jobs borrowed more money when stimulative monetary or fiscal policy made them more optimistic. But it seems the taste for borrowing might be a tad less this time around.

Off to make dinner.

For many years an expert on central bank bullion sales and hedging, and their effects on the gold price and the gold mining industry itself, he now devotes his time to writing and lecturing on fiscal and monetary reform with special regard to the role of gold and silver in the monetary system.

At this moment, when the world’s monetary system appears increasingly shaky, Prof Fekete details why the current paradigm is flawed and how the problems must be dealt with. This is almost taboo in the main stream financial media. Prof Fekete explains it as a gold crisis, not a dollar crisis. Those who doubt it would do well to recall that every fiat* money system ever tried – and history is littered with examples – failed.

* Money that is not backed by, or convertible to, any specific commodity and whose only value is that determined by government.